The Avalanche Foundation plans to advance the Culture Catalyst program by purchasing Meme coins

ChainCatcher news, according to the official announcement, the Avalanche Foundation has launched the Culture Catalyst program, aimed at empowering creators, promoting blockchain adoption, and supporting potential new forms of creativity and culture on the blockchain.

It is reported that the foundation plans to recognize and encourage the culture and fun represented by these coins by purchasing selected Avalanche-based meme coins, expanding its participation in the Avalanche ecosystem, including NFTs and RWAs. The selection of collectibles/meme coins will be based on multiple criteria, including the number of holders, liquidity, project maturity, fair launch principles, and overall social sentiment.